Radnor Capital Management LLC Buys Shares of 42,127 Huntsman Co. (NYSE:HUN)

Radnor Capital Management LLC purchased a new position in Huntsman Co. (NYSE:HUN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 42,127 shares of the basic materials company’s stock, valued at approximately $1,019,000.

A number of other institutional investors have also made changes to their positions in HUN. Pallas Capital Advisors LLC boosted its holdings in Huntsman by 7.5% during the third quarter. Pallas Capital Advisors LLC now owns 34,230 shares of the basic materials company’s stock worth $782,000 after buying an additional 2,397 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Huntsman by 21.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 64,615 shares of the basic materials company’s stock worth $1,564,000 after acquiring an additional 11,400 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Huntsman by 257.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,396 shares of the basic materials company’s stock valued at $905,000 after purchasing an additional 26,934 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Huntsman by 11.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,103 shares of the basic materials company’s stock valued at $2,408,000 after purchasing an additional 9,876 shares during the period. Finally, Shayne & Jacobs LLC increased its stake in Huntsman by 1.2% in the third quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company’s stock valued at $2,282,000 after purchasing an additional 1,140 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HUN shares. UBS Group decreased their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday. Royal Bank of Canada boosted their target price on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. dropped their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company decreased their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.75.

Huntsman Trading Up 0.7 %

NYSE:HUN opened at $20.88 on Thursday. Huntsman Co. has a twelve month low of $19.90 and a twelve month high of $27.01. The business has a 50 day moving average price of $22.72 and a two-hundred day moving average price of $23.04. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40.

Huntsman (NYSE:HUN) last released its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. Huntsman’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share. Equities analysts predict that Huntsman Co. will post 0.19 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Friday, December 13th. Huntsman’s payout ratio is presently -144.93%.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.